The wireless headphones market size is estimated to grow by USD 22,042.99 million from 2022 to 2027. The growth momentum will progress at a CAGR of 19.11% during the forecast period. The market is segmented by application (music and entertainment, gaming, fitness, and virtual reality), product type (on-ear wireless headphones, in-ear wireless headphones, and over-ear wireless headphones), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The music and entertainment segment will be significant during the forecast period. Headphones prevent other people from hearing the sound, maintain privacy and prevent disturbing others. They also provide a level of sound fidelity that is more prominent than the loudspeakers of similar prices. Furthermore, the advent of music culture and entertainment became the key driver of the music and entertainment segment. Additionally, the ANC technology in earphones and headphones eliminates the background noise, and NFC establishes the connection between the wireless headphones and the music device by just tapping them into each other. The improved wireless connectivity drives market growth. The available Bluetooth headsets used for gaming are equipped with the latest version of Bluetooth smart chips, enabling lower power consumption and enhancing the range and quality of the sound. Download a sample report now!
Wireless headphones market Insights –
- Vendors: 15+, Including AIAIAI ApS, Alphabet Inc., Apple Inc., beyerdynamic GmbH and Co. KG, Bose Corp., Creative Technology Ltd., FKA Distributing Co. LLC, GN Store Nord AS, Imagine Marketing Pvt. Ltd., JVCKENWOOD Corp., Koninklijke Philips NV, Logitech International SA, Nexxbase Marketing Pvt. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Skullcandy Inc., Sony Group Corp., and Xiaomi Communications Co. Ltd., among others
- Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
- Segments: Application (music and entertainment, gaming, fitness, and virtual reality), Product type (on-ear wireless headphones, in-ear wireless headphones, and over-ear wireless headphones), and Geography (North America, Europe, APAC, South America, and Middle East and Africa).
Wireless headphones market – Vendor Insights
The growing competition in the market is compelling vendors to adopt various growth strategies, such as promotional activities and spending on advertisements to improve the visibility of their services. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including AIAIAI ApS, Alphabet Inc., Apple Inc., beyerdynamic GmbH and Co. KG, Bose Corp., Creative Technology Ltd., FKA Distributing Co. LLC, GN Store Nord AS, Imagine Marketing Pvt. Ltd., JVCKENWOOD Corp., Koninklijke Philips NV, Logitech International SA, Nexxbase Marketing Pvt. Ltd., Panasonic Holdings Corp., Samsung Electronics Co. Ltd., Sennheiser Electronic GmbH and Co. KG, Shure Inc., Skullcandy Inc., Sony Group Corp., and Xiaomi Communications Co. Ltd.
Wireless headphones market – Market Dynamics
Major Trends –
Growth in the global e-sports market is an emerging wireless headphones market trend. On a large scale, E-sports is considered to be one of the most popular sports entertainment events in the world. Also, it will raise the market for gaming in specific peripherals, hence driving the global wireless headphones market. For instance, since 2013, US e-sports gamers have been given the same visa as professional athletes while representing their country in tournaments abroad. Hence, such trends boost the market growth during the forecast period.
Key challenges –
High-priced products are challenging the wireless headphones market’s growth. Wireless headphones are expensive, and their cost is expected to increase owing to integration with advanced technologies. In addition, the growing consumer demand for additional features is fueling the prices of wireless headphones. This can discourage consumers in developing countries from adopting such products. Thus, the rise in costs associated with wireless headphones is expected to impact market growth negatively.
